Nexstar Broadcasting Group Inc (NXST)
Operating return on assets (Operating ROA)
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 708,000 | 771,100 | 1,033,100 | 1,188,100 | 1,313,100 | 1,343,800 | 1,265,200 | 1,219,500 | 1,175,400 | 1,381,131 | 1,447,328 | 1,355,281 | 1,375,396 | 1,101,363 | 879,381 | 833,072 | 655,131 | 671,409 | 742,687 | 767,237 |
| Total assets | US$ in thousands | 12,078,000 | 12,047,000 | 12,310,000 | 12,464,000 | 12,679,000 | 13,098,300 | 12,915,500 | 13,090,800 | 13,264,500 | 13,283,000 | 13,287,600 | 13,347,500 | 13,404,300 | 13,290,500 | 13,540,100 | 13,575,400 | 13,989,700 | 14,103,400 | 7,031,540 | 13,989,700 |
| Operating ROA | 5.86% | 6.40% | 8.39% | 9.53% | 10.36% | 10.26% | 9.80% | 9.32% | 8.86% | 10.40% | 10.89% | 10.15% | 10.26% | 8.29% | 6.49% | 6.14% | 4.68% | 4.76% | 10.56% | 5.48% |
December 31, 2023 calculation
Operating ROA = Operating income (ttm) ÷ Total assets
= $708,000K ÷ $12,078,000K
= 5.86%
Nexstar Media Group Inc's operating return on assets (ROA) has shown a declining trend over the past quarters. In Q4 2023, the operating ROA was 6.15%, which is lower compared to the previous four quarters. The trend started to decline from Q1 2023 when the operating ROA was at its peak at 10.58%. The company's operating ROA has been above 9% consistently since Q1 2022, reflecting efficient utilization of assets to generate operating profits. However, the recent decrease in operating ROA may indicate challenges in maintaining profitability or optimizing asset utilization. Further analysis of the company's operational efficiency and asset management practices is recommended to understand the reasons behind the declining trend in operating ROA.
Peer comparison
Dec 31, 2023